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2014 W Berridge Lane, Phoenix, AZ 85015
$5,760,000
2014 W Berridge Lane, Phoenix, AZ 85015View this property at 2014 W Berridge Lane, Phoenix, AZ 85015
2014 W Berridge LanePhoenixAZ85015
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Property Description
Signature 18, a fully occupied gated complex in Phoenix, offers a stellar investment with a 6.15% cap rate and a net operating income of $354,339. Located near Abrazo Hospital, Christown Spectrum Mall, and transit, it blends city access with quiet living. Recent capital improvements have boosted aesthetics, efficiency, and security, including desert landscaping to cut water costs, repaved parking, and refreshed exteriors. Security upgrades feature LED motion lights and cameras, alongside modern gate locks. Units are enhanced with stainless steel appliances and new roof sealing, plus a swimming pool pump upgrade. A new dog run adds to the community vibe. This turn-key property ensures immediate income and potential for appreciation, making it an outstanding choice for Phoenix investors.
Full Property Details
Full Property Details for 2014 W Berridge Ln
General
- Price: $5,760,000
- HOA FEE: $5,400
- Taxes: $7,188 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 6688318
- Updated: 4/7/2024
- Added to Site: 22 day(s) ago
Interior
- Flooring: Vinyl
Parking
- Covered Spaces: 18
- Total Spaces: 19
- Parking Features: 1 Space/Unit
Location
- County: Maricopa
- Township: 2N
- Subdivision: PARK MARYLAND AMD
- Cross Streets: N 19th Ave & W. Berridge Ln
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Individual, Electric
- Heating Type: Individual, Electric
Utilities
- Sewer: Public Sewer
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Brick Veneer, Painted, Stucco, Stone, Block
- Roof: Built-Up
- Year Built: 1961
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: 130' x 215'
- Frontage: Asphalt
- Zoning: R-4
Financial Considerations
- Maint. Fee/Month: $5,400
- Tax Amount: $7,188
- Tax Year: 2023
- Terms: No Carry, Conventional, 1031 Exchange
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
- Tenant Pays: Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.75%
- Buyer/Broker Compensation Available: Yes
- Legal Description: LOT 10 PARK MARYLAND AMD MCR 007625
- Property ID: 156-13-086-A
- Range: 2E
- Section: 12
- Lot Number: 10
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Schools
Schools serving 2014 W Berridge Ln
School Districts:Glendale Union High School District, Washington Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
6503 N 21st Ave, Phoenix, AZ 85015 | PK-8 | 0.4 mi | |
2217 W Glendale Ave, Phoenix, AZ 85021 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2014 W Berridge Ln
Date
Details
Price
Change
Source
4/07/2024
Listed
$5,760,000
11.84%
MLS
8/15/2022
Sold
$5,150,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2014 W Berridge Ln
2014 W Berridge Lane, Phoenix, AZ 85015 (MLS# 6688318) is a Multi-Family property with 18 units containing 0 bedrooms and 0 full bathrooms. 2014 W Berridge Lane is currently listed for $5,760,000 and was received on April 07, 2024. Want to learn more about 2014 W Berridge Lane? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.